QNB Gains Licence to Launch $666 Million Digital First ezbank
With $666 million in capital and Ajlan & Bros. Holding as partner, ezbank aligns with Saudi Arabia’s digital finance and inclusion push under QNB Group.
QNB Group has received licence approval from the Saudi Central Bank to launch ezbank, digital-first bank built for youth and entrepreneurs.
Set to launch in partnership with private sector conglomerate, Ajlan & Bros Holding with capital of $666 million, ezbank is designed to introduce a customer-centric model built on accessibility and inclusion, aiming to offer a digital-first experience with financial solutions tailored for youth and entrepreneurs.
Operating across more than 28 countries on three continents, QNB Group said ezbank will build on its international expertise while targeting Saudi Arabia’s growing demand for digital financial services. The bank will leverage mobile-first platforms, AI-driven tools and smart risk management systems to facilitate transactions, expand access to banking services and support the digital economy.
